Resolution Life Australasia completed the acquisition of the Australian savings and investments business of AIA Group.

Resolution Life Australasia, a life insurance provider, completed the acquisition of the Australian savings and investments business, an in-force portfolio of superannuation, retirement and investment products, of AIA Group, a life insurance group. Financial terms were not disclosed. Following a review of the overall portfolio in Australia, AIA concluded that the S&I business is non-core to AIA’s strategy to be the leading life, health and wellness provider in Australia and does not meet AIA’s financial criteria. This transaction demonstrates the Group’s financial discipline and commitment to deliver long-term sustainable value for shareholders.